Yangnong Chemical(SH:600486) Xin Lang Cai Jing·2025-08-25 00:31Group 1 - The company reported a revenue of 6.23 billion RMB for H1 2025, a year-on-year increase of 9.4%, and a net profit attributable to shareholders of 810 million RMB, up 5.6% year-on-year [1] - In Q2 2025, the company achieved a revenue of 2.99 billion RMB, reflecting an 18.6% year-on-year increase but a 7.6% decrease quarter-on-quarter [1] - The company plans to distribute a cash dividend of 2.40 RMB per 10 shares to all shareholders [1] Group 2 - The company is a key high-tech enterprise in China and a leading player in the domestic agrochemical sector, focusing on the early production and profitability of the Huludao project [2] - In H1 2025, Liaoning Youchuang generated a revenue of 550 million RMB and achieved profitability upon full production [2] - The company is accelerating the commercialization of new drugs, with 41 patents granted in H1 2025 [2] Group 3 - In Q2 2025, the average price of raw materials increased by 3.2% year-on-year, while the average price of formulations decreased by 9.9% year-on-year [3] - The company’s sales volume for raw materials and formulations in Q2 2025 was 28,000 tons and 13,000 tons, respectively, with a year-on-year increase of 12.0% for raw materials [3] - The gross margin and net margin for Q2 2025 were 22.5% and 12.4%, showing a year-on-year decrease of 1.5 percentage points and 0.9 percentage points, respectively [3] Group 4 - In Q3 2025, the price of glyphosate increased by 11.3%, while the price of acetamiprid rose by 7.0%, supported by the peak demand season in South America [4] - The company is the largest player in the domestic bionic pesticide industry, with expected net profits of 1.42 billion, 1.59 billion, and 1.82 billion RMB for 2025-2027 [4]